New construction homes can be quite attractive to a lender as they are a pretty safe bet. For a buyer, this can result in a smooth financing process and a high percentage chance that your loan will close. This is especially comforting in a climate where financing a home can be quite rigorous. Sometimes the builder will offer financing directly to the purchaser that can make the process of obtaining the loan even easier.
A new home has just obtained permits during the building process and has to show the town that it complies with the building code in order to obtain a Certificate of Occupancy. In fact because homes are regulated and monitored by the town while being constructed, you can avoid some additional inspections that might be ordered for older homes i.e. for the septic. When an older home is inspected some of the results may raise a red flag with the bank, i.e. mold or asbestos. While these things can be remedied, health concerns can make loan processing that much more complex.